Wells Fargo

Wells Fargo

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Those striking images of stagecoaches traversing rugged mountain terrain are no mere marketing gimmick, but part and parcel of Wells Fargo's storied past. When Henry Wells and William Fargo founded the company in 1852, the gold rush had already brought thousands of people to California and uncovered the largest amount of wealth then known to the world. Wells Fargo served a unique role as a banking, express or transporting, and mail-delivery agency. In 1857, the company helped establish the Overland Mail Company; in 1861, it operated the Pony Express; and in 1866, it put together a 3, 000-mile network of stagecoaches running between California and Nebraska. Three decades later, Wells Fargo covered the nation over a web of iron rails. Miners and merchants, ranchers and farmers alike depended on Wells Fargo. The company always used the fastest means possible for its deliveries and fund transfers, whether by riverboat, ocean steamer, pony express, stagecoach, railroad, or the fastest method of all, the telegraph.Wells Fargo president Frederick L. Lipman spoke for those institutions offering wholesale banking for large commercial clients. They preferred to ... President Lipman assured the board that Wells Fargo was aquot;actually earningaquot; its dividend, and the bank continued to pay it. aquot;We shall ... Indispensable consumer credit came in 1967, when Wells Fargo offered Master Charge a€” now MasterCard a€” credit cards.


Title:Wells Fargo
Author: Robert Joseph Chandler
Publisher:Arcadia Publishing - 2006
ISBN-13:

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